Exela Technologies, Inc. announced a new contract with a large European domiciled financial services firm that will utilize Exela's Exchange for Bills and Payments (“XBP®”). The total contract value (“TCV”) over the 5-year term is valued at approximately $6 million. Exela is a leader in bills and payment processing with more than thirty years of experience handling complex problems and delivering simplicity.

XBP liquidity solutions allow billers, consumers and businesses to communicate and transact. Offering a complete solution to its customers, Exela enables improved control, insights and analytics globally in over 50 countries. The customer will deploy Exela's Digital Mail Room (DMR) module as part of XBP Global platform to process payments, account opening requests and other critical banking documents.